Toronto’s priciest condos are at Bloor and Avenue, real estate brokerage says
Posted September 17, 2015 12:50 pm.
Last Updated September 22, 2015 7:54 am.
This article is more than 5 years old.
Toronto’s priciest condos are at Bloor Street and Avenue Road, according to real estate brokerage The Red Pin.
An average one-bedroom condo in the area is $570,198, and an average two-bedroom is nearly $1.5 million (actually, the average price is $1,497,679).
There are a few reasons for this, The Red Pin says, but they all boil down to the age-old real estate truism: location, location, location.
The downtown core location means it ranks among the highest rates of foot traffic in the city. It’s also close to subways and the intersection serves as an “anchor” for Toronto’s urban development, The Red Pin says.
Owning there is more expensive than owning just one block east: condos on Bay sold for an average of $40,000 more than units along Yonge Street, the brokerage found.
The Red Pin looked at 28 intersections in the city, 24 of which have “the highest daily pedestrian traffic in the city – each with a pedestrian count of at least 17,000.”
The brokerage also found that condos located a short walk (five minutes) from these intersections sold for an average of $537,702. That’s nearly $150,000 more than the city-wide average of $398,858 during the same period.
The type of condos available in the area are being built for a specific buyer: There are an estimated 40% more one bedroom condos versus two bedrooms units around Toronto’s major intersections, Red Pin found.
Below is a map of how the intersections break down, or click here for a mobile-friendly link (courtesy of The Red Pin.com):
All prices are an average and taken from The Red Pin.com
Yonge and Eglinton
One bedroom: $402, 924
Two bedroom: $629,644
St. Clair and Yonge
One bedroom: $439, 064
Two bedroom: $868,537
Bloor and Avenue
One bedroom: $570,198
Two bedroom: $1,497,679
Bay and Bloor
One bedroom: $439,453
Two bedroom: $1,174,562
Yonge and Bloor
One bedroom: $416,968
Two bedroom: $964, 813
Yonge and Wellesley
One bedroom: $414,351
Two bedroom: $601,952
Bay and College
One bedroom: $428, 826
Two bedroom: $611,950
Yonge and Collge
One bedroom: $422,928
Two bedroom: $602,081
Yonge and Gerrard
One bedroom: $425,658
Two bedroom: $611,381
Yonge and Dundas
One bedroom: $423,121
Two bedroom: $616, 219
Dundas and Bay
One bedroom: $422,088
Two bedroom: $637,589
Dundas and University
One bedroom: $382,148
Two bedroom: $531, 307
Yonge and Queen
One bedroom: $368,638
Two bedroom: $512,033
King and Spadina
one bedroom: $389,231
Two bedroom: $609,180
Front and John
One bedroom: $376,099
Two bedroom: $609,344
York and University
One bedroom: $421,202
Two bedroom: $753,164
Bay and Queen
One bedroom: $383,909
Two bedroom: $697,371
Bay and Adelaide
One bedroom: $393,957
Two bedroom: $688,327
Bay and King
One bedroom: $425,537
Two bedroom: $734,744
Bay and Wellington
One bedroom: $412,172
Two bedroom: $666,601
Yonge and King
One bedroom: $387,813
Two bedroom: $671,844
Yonge and Adelaide
One bedroom: $389,327
Two bedroom: $637,157
King and Jarvis
One bedroom: $369, 562
Two bedroom: $608,184
Richmond and John
One bedroom: $399,888
Two bedroom: $692,911
Front and John
One bedroom: $376,099
Two bedroom: $609,344
York and University
One bedroom: $421,202
Two bedroom: $753,164